Transcript:
Hello, everybody, welcome to Wednesday, the S&P 500 was up 1%. Today, good day, actually lots of good things happening. Lots of good news that was coming that was kind of driving the market all day, actually, South Africa reported that the case count is coming down fairly quickly. And that the virus seems fairly mild. They also said it was still early. But again, that’s something that the markets would look positive at. You know, you got to remember, one of the key things that’s happening here is that the Federal Reserve is trying to slow down the economy. If the virus turns out to be mild or not a really big deal, the economy could get going fast enough that it needs to be slowed down in order to fight inflation. And so then those things kind of go together. Right. So that’s the key issue as far as that goes. So that was good news.
There were some hints that the bill better back program might be, you know, back on track a little bit as we speak. So, you know, we’ll see what happens going forward. I think more, that’ll happen in January, but the market would look positively at that. Also, we did have some nice price movement of the six indexes that I follow the big broad indexes that I follow, all six were kind of in the red for the way I look at it, three of those moved into the blue, that’s pretty good. I’d like to see some more confirmation from the Dow and from the NASDAQ, for example, which are still in the red. I’d also like to see some volume, so very low volume today, as you’d expect us as a holiday week. And so sometimes you can get some ups and downs that are not really sustainable once you get more volume coming in. So we’ll see what happens when that happens. And then secondly, we’ve been kind of in this little range, and we’re kind of bouncing up against the top of it right now. So let’s see what happens if we can break out of that range too. So but good things are going in the right direction. You know, we’ll see if it holds up as far as that goes, but very, very pleased with what’s going on here so far. So look forward to talking to you tomorrow. Thank you